In this paper we want to estimate basic Taylor rules with a cross country study approach for European countries before the reorganization of the system of central banks. We compare basic and extended Taylor rules to give a hint if the exchange rate plays a significant role in the decision making...

"The purpose of this book is to explore, in a broad perspective, how corruption affects economic growth and environmental protection. Other aspects of development, such as education and inequality in entitlements to natural resources, will also be considered within the context of the main...